Refuting Rauch and EPI on the Economics of Productivity

(Guest post by Greg Forster)

Many readers of JPGB will be familiar with the hard-left, union-friendly Economic Policy Institute. A recent article by Jonthan Rauch uses some EPI graphs to argue that the U.S. economy no longer rewards working-class employees for productivity. Over on Hang Together, I say the graphs are deceptive. The problem is a decline in productivity in the workers, caused by – JPGB readers will be shocked – lousy K-12 schools (and also a loss of the older religious work ethic).

If you’re familiar with EPI’s work, you won’t be surprised – Jay, Marcus and I took on some very shoddy work they did on teacher pay back in Education Myths.

Advertisements

Share this:

Related

This entry was posted on Wednesday, December 12th, 2012 at 2:03 pm and is filed under economics. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.